Force Majeure Declared at Libya’s Largest Oilfield

Libya’s National Oil Corporation (NOC) has declared force majeure at the Sharara oilfield, after protests halted production at the country’s largest field earlier this week.  Considering the current circumstances at Sharara that prevented NOC from carrying out crude oil loading operations, the state oil company of Libya declared force majeure effective August 7, NOC said in a notice.  Sharara fully halted oil production on Monday after output was curbed during the weekend due to protests.  The oilfield, which has the…